Sandhill Compary manufactures equipment. Sandhili's products range from simple automated machinery to complex systems containing numerous components. Unit selline prices range from $225,000 to $1,500.000, and are quoted inclesive of installation. The installation process does not involve changes to the features of the equipment to perform to specifications. Sandhal has the following arrangement with Tamarisk Inc. - Tamarisk purchases equipment from Sandhill on May 2, 2023, for a price of $1,034,000 and contracts with Sandhill to install the equipment. Sandhill charges the same price for the equipment irrespective of whether it does the installation or not. Using market data, Sandhill determines that the installation service is estimated to have a fair value of $66,000. The cost of the equipment is $700,000. - Tamarisk is obligated to pay Sandhill the $968,000 on delivery of the equipment and the balance on the completicn of the installation. Sandhill delivers the equipment on June 1,2023, and completes the installation of the equipment on September 30, 2023. Assume that the equipment and the installation are two distinct performance obligations that should be accounted for separately Allocate the transaction price of $1,034,000 among the performance obligations of the contract. Assume Sandhill follows IFRS. (Round perentage allocotions to 2 declmal ploces, eg. 12.25\% and final answers to 0 decimol places, eg. 5.275) Delivery equipment Installation 5 The following is information for Bridgeport Corp. for the year ended December 31, 2023: The effective tax rate is 25% on all items. Bridgeport prepares financial statements in accordance with IFRS. The FV-OCl equity investments trade on the stock exchange. Gains/losses on FV-OCl investments are not recycled through net income Items that will not be recycled subsequently to net income or loss